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Montgomery NY Real Estate Market Report | September 2013
Current Housing Market Conditions Update – October 11th  2013 
Montgomery NY Real Estate Market Report
Homes in Montgomery NY continue to sell. Inventory is remaining at the same level for the last few months. We are having sales, but buyers are extremely cautious. Sellers need to know that it is extremely important to price your home properly to get it sold.  We still remain in a buyers market as the numbers would need to be less than a six month supply of homes. Going into the fall and winter months we usually see thing quiet down, but buyers are looking to see what bargains are out there. Buyers looking during the winter and the holidays are more likely to be serious about purchasing a home.
There are 151 single family homes currently on the market (16 new listings in September which is down from  in August) The average list price is $273,500 (ranging from $85,000 to 979,000) There are 24 homes currently under contract (average list price of $228,700,000 and days on market at 134) In September there were 11 homes that closed and transferred title (down from 15 closings in August) The average sold price was $240,825 spending an average of 103 days on ... more

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